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Forex: GBP/USD flat above 1.5700

The sterling eased some ground on Friday, falling from session highs around 1.5740 on positive data out of China, to the current levels in the proximities of 1.5715

After yesterday spike to the area around 1.5770 on M.Carney speech, the pound retraced part of those gains to follow the rest of the risk-associated assets to lower ground, although keeping alive the 1.5700 handle so far.

As of writing, GBP/USD is up 0.04% at 1.5722 facing the next barrier at 1.5732 (MA120d) followed by 1.5768 (failure high Feb.7) and then 1.5805 (high Feb.5).
On the downside, a breach of 1.5646 (low Feb.7) would open the door to 1.5628 (low Feb.5) en route to 1.5578 (low Aug.10).

Asian markets rise on China trade data, Nikkei kills weekly winning streak

Japan's Nikkei Stock Average fell again on Friday, -1.80% , putting an end to the weekly winning streak that was lasting for 12 weeks. However, most Asian equity indexes moved higher: Hong Kong's Hang Seng (+0.23%), China's Shanghai Composite (+0.51%), South Korea's Kospi (+0.99%), India's Bombai Sensitive (+0.26%) rose on Friday. Investors cheered China's trade data, with both imports (25.0% vs 17.0% consensus) and exports (28.8% vs 23.3% consensus) coming in higher than expected in January, as well as the trade surplus (29.2B vs 22.0B consensus).
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